Wednesday, December 9, 2009

GOLD GOING LOWER AS OIL PLUNGES, STOCKS, EURO TURN DOWN AFTER BRIEF UPTURN




5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR PLUMMETS, YET GOLD IS NOT RISING

DOES THIS RED DOWN FLAG RESOLVE UP HERE, OR DOES GOLD KEEP FALLING?


EVEN IF IT COLLAPSE, GOLD SHOULD BOUNCE BACK
FROM THE 75% RETRACE POINT OR THE BLUE UPTREND
LINE

BONDS FALLING RATHER QUICKLY, GOLD HEADED DOWN


OIL FALLING FAST
EURO STOCKS TURN DOWN

STOCKS, OIL, EURO ALL TURNING DOWN, SHOULD PULL GOLD DOWN TOO


LAST MINUTE RALLY MAY FAIL


GOLD MAY DROP HARD HERE

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


VERY WILD DOLLAR MARKET. NOTICE THAT ALL
QUICK UP MOVES FALL BACK AS SOON AS THE
DAY SESSION IS OVER WHEN THE INTERVENTION
STOPS. IT APPEARS THE PPT LIKES TO GOOSE THE
DOLLAR A BIT HIGHER THAT THEN LAST HIGH
WHEN IT PLUNGES JUST TO PSYCHE OUT THE MARKET.
HOW LONG CAN YOU HOLD AN ANVIL OVER YOUR HEAD?

GOLD IS TRADING IN A $10 TRADING RANGE TODAY


STOCKS FELL, RALLIED AND ARE NOW PULLING BACK
EURO TOO
OIL SIMILAR BUT NOT AS VOLATILE
THE 'W' PATTERN YOU SEE AT THE RIGHT OF THE TRADING
PATTERN USUALLY RUNS UP THE RIGHT LEG OF THE 'W'
MUCH HIGHER. BUT SOMETIMES DOESN'T GO ANY FURTHER.
GOLD WILL PROBABLY PULL BACK NOW AND COULD MOVE
MUCH HIGHER, BUT I'M NOT TOTALLY UP TO SPEED YET.

GT HAS BEEN OCCUPIED WITH HIS OWN TRADING AND TALKING TO MY BROKERS

8:00AM PST
SORRY FOR BEING ABSENT IN THIS WILD MARKET,
BUT I AM WORKING MY WAY OUT OF A MESS I GOT MYSELF
INTO AND HAVE BEEN TALKING TO MY TRADING DESK
TO SEE HOW TO DO IT.

IF I'M NOT POSTING I'M EITHER SLEEPING, SHOPPING,
OR TALKING BUSINESS WITH SOMEONE LIKE TODAY.

NOW BACK TO THE MARKET

BONDS RISING, EURO, STOCKS, OIL START TO TURN UP


GOLD IS MOVING OPPOSITE TO MY INDICATOR
MARKETS TODAY. IT IS EITHER BUILDING A BASE
OR A LEDGE HERE

GOLD DROPPING HARD




EURO, STOCKS, OIL ALL FALLING FAST, GOLD FOLLOWING


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR FLOPS (delayed prices) BUT GOLD IS FALLING
NOW, MAYBE DOLLAR WENT BACK UP SINCE THIS
CHART POSTED, BUT THIS IS AN AWFUL QUICK, HARD DROP

BONDS DROPPING, STOCKS, EURO, OIL ALL MOVING BACK UP STRONGLY


GOLD IS VERY VOLATILE AND SCHIZO TODAY
JUST RAN UP $4 DOLLARS ON STRONG VOLUME
AND STOPPED DEAD AND IS NOW CONSOLIDATING
COULD SPIKE (SHOULD SPIKE?) BUT WHO KNOWS?
THIS CRIMEX SESSION IS A HEAD FUCK EVERY DAY
NOW


AND AS I TYPE THIS, THE MARKETS ARE REVERSING AGAIN

EURO, STOCKS, OIL FALLING FASTER, GOLD SHOULD FOLLOW

GOLD MOVES LOWER AS EURO, ETC FALL


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD MOVES BACK UP FROM THE WHITE TOP DOWNTREND LINE

GOLD PULLS A FAKE OUT AND FALLS ON THE OPEN


GOLD PAUSING ITS FALL AT THE TOP WHITE LINE
OF THE PREVIOUS DOWN FLAG/ CHANNEL.
COULD FIND SUPPORT THERE
STOCKS, EURO, OIL, YEN ALL TURN DOWN
DOLLAR MOVES UP TO .7611

STOCKS TURNING DOWN, EURO UP BUT CONSOLIDATING, COULD MOVE HIGHER, MARKETS ARE CONFUSING MOVING IN CONFLICTING DIRECTIONS

TIME ONLY FOR TEXT POSTING FOR AWHILE

5:14AM PST EURO MOVES BACK UP, GOLD FOLLOWS WITH A QUICK JUMP UP TO THE NEXT HIGH AND PULLS BACK, MAY SPIKE


THINGS MOVING FAST, LITTLE TIME TO POST USABLE CHARTS

GOLD MAKES A PRE-OPEN MOVE TO THE TOP OF THE RED DOWN FLAG, COULD SPIKE HIGHER AS EURO SUDDENLY RALLIES STRONGLY


GOLD AND EURO RALLIES BOTH FIZZLE



GOLD SLIPPING LOWER ON MODERATE VOLUME


GOLD COULD PLUNGE ON THE CRIMEX OPEN

4:52AM PST 5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


4:45AM PST


EURO, YEN, OIL, BONDS MOVING DOWN
STOCKS ARE COMING OFF THEIR RALLY AND MAY
FALL TOO

4:39AM PST GOLD STARTING TO SLIP LOWER


GOLD IS PRESSING UP UNDER THE TOP LINE OF THIS RED DOWNTREND CHANNEL AND COULD BREAK OUT HIGHER, BUT THIS CLOSE TO THE CRIMEX OPEN? PROBABLY NOT



ANY BIG RALLY WILL BE ATTACKED BY THE CRIMEX
SHORTS
STOCKS, OIL, EURO ALL TURNING DOWN
GOLD HAS JUST PEEKED ABOVE THE TOP RED DOWNTREND LINE
ON LIGHT VOLUME, WHO KNOWS? MAYBE IT'LL MOVE HIGHER

HOURLY CHART OF MARCH 2010 TBONDS


BONDS KEEP MOVING DOWN RAISING INTEREST RATES
WHICH WILL KILL THE ECONOMY (what's left of it!)

4:12am pst 5 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO HAD A VERY NICE RUNUP BUT IS NOW
BACKING DOWN AHEAD OF THE CRIMEX OPEN
AND KEEPING GOLD FROM MOVING HIGHER

4:10am pst 15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


NOTICE THE UPTURN ON THE RIGHT

3:49AM PST GOLD LOOKING LIKE IT'S GOING DOWN AHEAD OF THE CRIMEX OPEN


NEW RED DOWN FLAG DRAWN



GOLD MOVED UP OUT OF THE RED DOWN FLAG

BUT ONLY TO THE 1ST RETRACE POINT AND NOW

IS TURNING DOWN. THIS FORMS A NEW RED DOWN

FLAG (see top chart) WHICH GOLD WILL PROBABLY NOT BREAK

UP OUT OF THIS CLOSE TO THE CRIMEX OPEN

AS THE SHORTS ARE ALREADY AT WORK PUTTING

SELLING PRESSURE ON GOLD AHEAD OF CRIMEX

3:31AM PST GOLD IS PROBABLY GOING LOWER NOW RATHER THAN BREAK UP OUT OF THIS RED DOWN FLAG




3:20AM PST GOLD PULLS BACK AFTER A GOOD RUNUP, COULD MOVE LOWER AS WE APPROACH THE CRIMEX OPEN


STOCKS, OIL ,EURO TURNING LOWER AFTER A
GOOD RISE FOR STOCKS AND EURO
BONDS, YEN MOVING DOWN FOR NOW
DOLLAR HAS MOVED LOWER

GOLD MOVES UP OUT OF YET ANOTHER RED DOWN FLAG AND APPROACHES THE NEXT TWO RETRACE POINTS


GOLD BREAKS HIGHER OUT OF ANOTHER RED DOWN FLAG


NOW A PULL BACK OR ANOTHER DOWN FLAG,
THEN HIGHER

1:51AM PST


GOLD MOVES HIGHER ON GOOD VOLUME


GOLD EXCEEDS THE 75% RETRACE POINT AND PAUSES







GOLD MOVES RIGHT BACK UP EVEN HIGHER